I don’t think felly is planning on sharing the wrap pack.
What felly is proposing is a very common JV arrangement, I’ve done them myself. I have the knowledge and time to implement a wrap, my JV Partner has the money. By joining together we both win.

Keep smiling
Felicity

SF
To get back on topic….
I never dress up to see potential buyers. Usually jeans, pants, and even occasionally a nice tracksuit combination.
One of the things I DON’T want to do is intimidate anyone. I also drive a very average, 15 yo car.
I’ve also regularly had one or both of my kids in tow.
And guess what – if they want to buy the house,…[Read more]

iambored
Most of the property strategies in use in Australia today originally developed somewhere else (mostly the USA). It is always worth sourcing information from overseas and then modifying it to suit local conditions. Sometimes it can’t be done, but it’s amazing how often it can.

Keep smiling
Felicity

Hmmm extracting a written copy of a valuation from a bank – sounds easier than getting blood from a stone……!
Seriously, though, in my experience they will ALWAYS tell you if the valuation is low, because then they won’t lend you as much as you want. Other than that it always seems to come in as the sales price.
I did manage to get a written…[Read more]

“4,000 Bowls of Rice” which is about the Burma Railway during World War II – this book is specifically about the experiences of the 2/2 Battalion, and my grandfather was there.
“Eats, Shoots and Leaves” on punctuation – very funny!
“The Medieval Castle” non fiction book, so I can answer my son’s endless questions!
“Child Wise” on raising young…[Read more]

If the magazine is published monthly, and the stats come out quarterly, then they can’t really publish new data every time. So maybe this month their deadline was too early for the new stats.
Check next month!

Keep smiling
Felicity

Salubrious
It was a while ago, but I believe Amway used to be listed on the ASX. I remember coming across them in my dim dark days of share trading many moons ago.
don’t know about any others though.
I also think some of Si’s points are quite valid. It’s the old story of don’t shoot the messenger. Plenty of people have made good money out of…[Read more]

Yes, Gavin, that’s how it works. It’s a heck of a lot simpler than trying to calculate exactly how much time remaining etc.

Keep smiling
Felicity

Gavin
I just look at the whole loan and calculate what the payment would have been from the start at the new interest rate. This is then the new payment.

Keep smiling
Felicity

Oh no, ANOTHER type of gearing, AAAAAAAAAAARRRRRRRRGGGHHHHHHH!!!!

Keep smiling
Felicity

Hi Fern
Well, I remember the time you’re talking about, we were buying our first home, and we were paying 17%.
A lot of our friends lost their flashy big homes back then, but they still had all their nice furniture and new cars.
We still had our second hand furniture and old cars – and we still had our house, because we bought what we could afford…[Read more]

Jo
I still believe you need a bit of both in your portfolio.
The positive cashflow properties to give you income, which banks love.
The negative geared properties to give you the capital gains, which can then be converted into deposits for more positive cashflow properties.
Too much positive (usually with limited CG) means your equity builds very…[Read more]

Hi Neil
I think your idea of a lease/option to purchase is a good one. The only snag is that it will probably need to be done with a third party, to avoid any suggestion of “rigging”.
The other possibility is that you sell the house to someone with vendor financing. So, for example, if the rent on the new house is going to be $250pw, making a…[Read more]

Part of the wrap buyer’s application is they have to request their credit history from Baycorp Advantage.
No credit check, no house.

Keep smiling
Felicity

Ummm I show properties during the day!

Keep smiling
Felicity

Brahms
I don’t think the financier is suggesting YOU lied, they have asked a fairly simple question once they found something unexplained on the credit check.
How about – well, the client didn’t inform me of that fact and therefore I didn’t put it on the application.
Truth is good!

Keep smiling
Felicity

Usually my buyers connect services once they’re going ahead with the purchase. I always tell them in advance (as part of talk about maintenance – it’s your house, your problem!) that if they connect services and find that something doesn’t work, ie kitchen fan (I’ve had to fix 2 of those!) then I’ll fix it. If it breaks 6 months down the track,…[Read more]

Well, I realised last night that I would fail the princess in waiting test – I’d want to giggle! There’s no way I could look as beautiful and regal as Mary did throughout all those hours.
Oh well. hehehehe

Keep smiling
Felicity

I would never “settle” for anyone.
And I think hubby might have something to say about it anyway….

Keep smiling
Felicity

Personally, she can have him with my good wishes!
Considering the media circus that most royals are exposed to nowadays, I wouldn’t want to marry a prince.
Fame in whatever shape it visits you doesn’t strike me as being a desirable place to be.

Keep smiling
Felicity